After completing my usual morning survey of posts on all things life insurance and related planning, I realized that a certain type of messaging from life insurance agents is likely to hit the mark with their audience. targeted. By “broad”, I mean not only that messaging is likely to go unnoticed, but also, even when…

The Federal Reserve cut its target for the Federal Funds Rate by 50 basis points on Wednesday to a range of 4.75% to 5.00%. A small majority of Fed officials also favored additional cuts of 25 basis points in November and December. with The Fed signals that rates will be cut for months and its…

(Bloomberg) — The Federal Reserve cut its key interest rate by half a percentage point on Wednesday, in an aggressive start to a policy shift aimed at strengthening the U.S. labor market. Projections released after their two-day meeting showed a narrow majority, 10 of 19 officials, favored cutting rates by at least an additional half…

The Securities and Exchange Commission commissioned the first registered broker/dealer Horizon Advisors. with one Violation of the best interest regulation regarding the firm's recommendations for a type of structured note. (Structured notes are hybrid securities that typically combine debt and equity instruments to achieve specific goals, such as growth, income, or risk management.) Memphis, Tenn.-based…

Open, honest, and candid discussion about One America's deal with Voya, Alera Retirement's growth, August task forces, the wealthy, and more. Source link

It wasn't just a struggle in her life that shaped Marissa Nehlsen. Since her formative years, she has faced adversity and emerged stronger each time. Despite considerable adversity, including the loss of her family farm, enduring domestic abuse from her father, and dealing with Stargardt disease, which has led to blindness, Marissa has built a…

A new study from the Source Foundation, Shaping Tomorrow: How Gen Z and Millennials View Charitable Givingfound that Gen Z and millennials need more education on charitable giving tools and how they can optimize impact with tax-efficient giving vehicles. While actively engaged in charitable activities and starting young (millennials at age 18 and Gen Z…

As estate planning attorneys, we must stay ahead of legislative changes that can significantly impact our clients' strategies. The American Housing and Economic Mobility Act of 2024 (HR 9245), sponsored by U.S. Senator Elizabeth Warren (D. Mass.), signals a transformative shift in both the housing policy and tax landscape. These changes will have profound implications…

The objective of asset allocation funds is to provide better than benchmark returns with (possibly) lower volatility through superior stock selection and/or successful market timing. The question for investors is: Are these funds likely to add value? To answer this question, DK Malhotra and Elroi Hadad, authors of the study “Can Allocation Strategies Create Superior…

EP Wealth has acquired CornerCap Investment Counsel, an Atlanta-based firm with $1.1 billion in assets under management. It is EP Wealth's fourth deal this year and second to reach more than $1 billion in AUM. In describing the deal, Ryan Parker, CEO of $26.2 billion EP Wealth, said CornerCap would be a “great addition” to…